rookie investing

[347Mike]

X2 ^

Why not try flipping bikes? I've sold 4-5 and have averaged 25% roi on them. The longest I've had a bike was probably just under a month.

The market can get away from you quick though. I've made stupid mistakes and have learned over the years. Luckily though when I made those stupid decisions I was gambling with a few hundred. Now I am using considerably more and investing smarter. it has treated me alright over the past 12 months.

[slow99]

Yeah, fuck it. Hookers and coke it is. I'll let you guys have your thread back.

Everyone has to start somewhere. If you want to learn, try mock (paper) trading for a while before dumping $10k into something you don't understand.

Yeah, fuck it. Hookers and coke it is. I'll let you guys have your thread back.

[Captain Crawfish]

I've got some money that I've built up in savings that I was going to play around with, and I was just going to go buy about $10k worth of Apple stock.

I know next to nothing about the market (only what I was taught in my Economics courses 15yrs+ yrs ago), but I figured with the Ipad 3 coming out, I wouldn't imagine losing money.

Seem like a safe bet? Or should I just go blow it on (more) hookers and coke?

at 450+ a share you can have it! you can buy some DEXO for 1.73 a share its ready to come up higher IMO. I would never personally buy any of it just saying.

[Cooter]

if you've got $10k to invest and don't know a fucking thing about investing, don't invest IMO...

you're into bikes and such, right? why not go for what you know and set that money aside to make wise purchases in something you're familiar with?

[slow99]

I've got some money that I've built up in savings that I was going to play around with, and I was just going to go buy about $10k worth of Apple stock.

I know next to nothing about the market (only what I was taught in my Economics courses 15yrs+ yrs ago), but I figured with the Ipad 3 coming out, I wouldn't imagine losing money.

Seem like a safe bet? Or should I just go blow it on (more) hookers and coke?

Sounds like a great plan...as long as no other Apple investors have thought about the Ipad 3 release.

We project revenues and earnings out for companies like Apple for typically the next 8 quarters. You can research on yahoo or google finance and find out what estimates are (and impute growth rates). If you think revenues and earnings can grow more than these imputed growth rates, then you're starting to form the very basis of an investment thesis. Again, this is very dumbed-down and basic, but it's a good way to begin thinking about things.

I'm gonna keep an eye on things for a while and see if things don't calm down a little before I buy...but I think I'm going to take a shot with the Apple stock. Might buy a little bit of Dunkin Donuts too. I've watched them explode throughout the East Coast, and now they're migrating West. I think there's a good market for people who want coffee, but don't want McDonalds or Starbucks. DD is a good mid-tier option, and their coffee really is pretty good.

[Denny]

Hookers and blow yields a better return

I hope you don't work for one of my children one day.

[JFurst]

Hookers and blow yields a better return

I've got some money that I've built up in savings that I was going to play around with, and I was just going to go buy about $10k worth of Apple stock.

I know next to nothing about the market (only what I was taught in my Economics courses 15yrs+ yrs ago), but I figured with the Ipad 3 coming out, I wouldn't imagine losing money.

Seem like a safe bet? Or should I just go blow it on (more) hookers and coke?

[Captain Crawfish]

"oh, yea I invest in the market, we have this investment club.."

"What kind of strategy do you guys us?"

"well, we saw this company on Oprah...."

/FACEPLAM

investment club eh! madoff scam in the making

[Captain Crawfish]

How often do you see an average person dive right into investing and make money? You absolutely can, and I'm no expert on the market or personal finance, but I'd be willing to take a gander and say that few really do so. And I'd say that a lot of people could probably apply the funds, with which they're buying a hodgepodge of shares with no portfolio strategy, far more constructively than by throwing darts at the market.

Again, complete conjecture and not saying that it's impossible to make money or learn in the process, but expecting to make enough money to make it worth the time and expense is a so-so proposition.

all it takes is the right pick and your in business. i suggest anyone starting out go ahead and get you a big loss out of the way. its tough to take a big hit but thats how you learn. its like surfing for cash!

[Broncojohnny]

My wife's best friend came out this week to stay a few days and fly back to Pittsburgh with my wife and son (friend has 3 kids and has flown with them numerous times). She was telling me the other day she's in this Investment Club. Now, granted, this club was setup for the novice to learn more about investing. Fantastic, I'm all for it, that's great. This friend of my wife's is a practicing cardiologist, and it flat astounded me the lack of knowledge she had given that she'd been in this club for 3 years. She did time it nicely though, lmao, no question!!! Most people - like 95% of people - just need to index and be done with it.

"oh, yea I invest in the market, we have this investment club.."

"What kind of strategy do you guys us?"

"well, we saw this company on Oprah...."

/FACEPLAM

[SMKR]

zomg u gettin in on that hot facebook ipo bro?

been getting those retarded calls all day.

edit: we could use an investment forum fosho.

No

[Slowhand]

My wife's best friend came out this week to stay a few days and fly back to Pittsburgh with my wife and son (friend has 3 kids and has flown with them numerous times). She was telling me the other day she's in this Investment Club. Now, granted, this club was setup for the novice to learn more about investing. Fantastic, I'm all for it, that's great. This friend of my wife's is a practicing cardiologist, and it flat astounded me the lack of knowledge she had given that she'd been in this club for 3 years. She did time it nicely though, lmao, no question!!! Most people - like 95% of people - just need to index and be done with it.

That's essentially why I raise my point, because I did the same thing my freshman year of college. I was in an environment that kept me well informed on the market in general (surprisingly) and was bored and had the temporary wherewithal to play around about. I wound up making a little bit of money and bailed with great timing near the beginning of the collapse, but it was through no fault of my own that I did so.

I'll be hopping back into the market here shortly after these assholes cut me my first 70 hour paycheck, but it will be with a lot more knowledge of the market and a much more precise strategy (and even at that I still don't know shit).